Exactly how much are bailed out banks and corporations still spending on private jets, ritzy conferences, and sports sponsorships? Most have declined to provide figures, but they'll soon have no choice if one politician has his way.
Congressman Elijah Cummings, (D-MD), said it is this type of wasteful spending that prompted him to introduce new legislation today that would require corporations receiving TARP funds to publicly report their expenditures, on a monthly basis, on their websites....Full Story